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Reserve Bank fixes reference rate of Rupee for US dollar, Euro

Publish Date: 07 Dec 2012, 01:28 PM
Last Updated: 07 Dec 2012, 01:28 PM
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Reference rate of rupee for USD,Euro set
Reference rate of rupee for USD,Euro set

Mumbai: The Reserve Bank on Friday fixed the reference rate of the rupee for the US dollar at 54.2018 and the euro at 70.2175 as against 54.4650 a dollar and 71.1150 a euro as on Thursday.
    
In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 86.9993 a pound and 65.77 per 100 yen, based on reference rates for the US dollar and cross-currency quotes at noon.
    
The reference rate is based on the noon rates of select banks here and the SDR-Rupee rate would be based on this rate, the release added.

(Agencies)

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